date:Sep 30, 2019
e: theguardian.com
Suning completes acquisition of Carrefour China, accelerating full-scenario retail layout
Suning.com announces that it has completed the acquisition of Carrefour China, marking the start of the Suning era for Carrefour China. The news follows the deal announced earlier this year (June 23), when Suning.com revealed it intended to acquire an 80% equity stake in Carrefour China for EUR620mln (RMB4.8bln). Zhang Jindong, Chairman of Suning Holdings Group, said: This is a key step